Soluable Corn Fiber Market - 2023-2030

Overview

Global Soluble Corn Fiber Market reached US$ 520.1 million in 2022 and is expected to reach US$ 762.5 million by 2030, growing with a CAGR of 4.9% during the forecast period 2023-2030.

The market is witnessing a growing trend toward health and wellness, with consumers increasingly seeking functional ingredients in their diets. Soluble corn fiber, known for its prebiotic properties and potential health benefits, aligns with this trend, driving market growth. Soluble corn fiber, as a naturally derived ingredient, aligns with this trend, prompting manufacturers to incorporate it into formulations to meet the demand for plant-based products.

For instance, on September 28, 2022, Cargill launched a commercially available soluble corn fiber ingredient in the United States. Concurrently, Kemin Industries has unveiled Shield Pure, a mold inhibitor designed to provide bakers with a one-to-one substitute for synthetic mold inhibitors. Soluble corn fiber (SCF) is derived from partially hydrolyzed corn starch and is widely utilized to enhance the fiber content of various foods.

Consumers in North America are showing a growing preference for clean-label products, emphasizing transparency and simplicity in ingredient lists. Soluble corn fiber, as a naturally derived ingredient, is well-positioned to meet the demand for clean-label products in the North American market. The region is experiencing a trend of incorporating soluble corn fiber into various products, showcasing its versatility and adaptability in formulations.

Dynamics

Rising Incidence of Lifestyle-Related Diseases

The increasing prevalence of lifestyle-related diseases such as diabetes and obesity has heightened consumer awareness about the importance of maintaining a healthy diet. Consumers are actively seeking food and beverage products that can contribute to better health outcomes, driving the demand for functional ingredients like soluble corn fiber in the global market and expanding the market growth.

According to the International Diabetes Federation, in 2021, approximately 537 million adults (aged 20-79) globally were diagnosed with diabetes, representing 1 in 10 adults. Projections indicate that this figure is expected to escalate to 643 million by the year 2030 and further to 783 million by 2045. Notably, more than three-quarters of adults with diabetes reside in low- and middle-income countries.

Growing Consumer Preference for Clean Label Products

The rising consumer preference for clean-label products, including soluble corn fiber, is expected to generate increased market demand. Consumers seeking products with recognizable processed ingredients are likely to drive the adoption of soluble corn fiber in various applications. Soluble corn fiber providers emphasizing the natural attributes of soluble corn fiber allow companies to position their offerings as cleaner alternatives, gaining a competitive advantage.

Integrating soluble corn fiber into clean-label formulations can attract new consumers, expanding the market reach and creating growth opportunities. Manufacturers are likely to invest in research and development to create new formulations and applications that align with clean label preferences, fostering market growth through product diversification and expanding their global presence.

High Production Costs

High production costs can lead to an increase in the final product price, impacting consumer purchasing behavior. Elevated prices for soluble corn fiber deter some consumers in a price-sensitive market, affecting overall market demand and growth. Companies with lower production costs gain a competitive edge, influencing market share and market competitiveness and limiting soluble corn fiber production.

Elevated production costs affect profit margins for soluble corn fiber manufacturers. High production costs can create barriers to entry for small and medium enterprises in the soluble corn fiber market. Larger companies with greater financial resources navigate high costs more effectively, potentially limiting the diversity of market participants and restraining market growth.

Segment Analysis

The global soluble corn fiber market is segmented based on form, distribution channel, application, and region.

Growing Consumer Demand and Innovations in Powder-soluble Corn Fiber

Powdered soluble corn fiber offers opportunities for customization and blending with other ingredients. The market is witnessing a growing consumer demand for functional ingredients, and soluble corn fiber powder aligns well with this trend. The powder segment capitalizes on the demand for functional food and beverage options as consumers seek products with added health benefits, contributing to its market growth.

Soluble corn fiber in powder form is easy to integrate into formulations during product development. Powdered soluble corn fiber offers opportunities for customization and blending with other ingredients. Manufacturers can tailor formulations to meet specific taste, texture, and nutritional requirements, contributing to the widespread adoption of soluble corn fiber powder in the market.

Geographical Penetration

Established Infrastructure and Production Facilities and Continuous Innovations in North America

North America commands a significant market share in the global soluble corn fiber market. This dominance is indicative of the region's stronghold on market activities. The region boasts well-established infrastructure and advanced production facilities for soluble corn fiber. These facilities contribute to a consistent and efficient supply chain, reinforcing North America's dominant position in the market.

North America has witnessed significant adoption of soluble corn fiber due to changing consumer preferences and a heightened focus on health and wellness. The region's consumers increasingly favor products with added nutritional benefits, boosting the demand for soluble corn fiber. North American companies are often at the forefront of innovation within the soluble corn fiber market.

COVID-19 Impact Analysis

The soluble corn fiber market experienced disruptions in the supply chain due to lockdowns, travel restrictions, and logistical challenges during the early phases of the pandemic. This disruption affected the availability of raw materials, production processes, and the overall supply of the market. Changes in consumer priorities during the pandemic influenced the soluble corn fiber market.

The soluble corn fiber market witnessed fluctuations in demand as consumer behavior changed in response to the pandemic. The shift towards online shopping and digital platforms accelerated during the pandemic. This trend impacted the distribution channels of soluble corn fiber products, with increased reliance on e-commerce for product sales and distribution in the market.

Russia-Ukraine War Impact Analysis

The conflict has led to disruptions in the supply chain, affecting the sourcing and transportation of soluble corn fiber raw materials. This has created uncertainties in the market, causing fluctuations in prices and availability. Heightened geopolitical tensions and uncertainties have contributed to increased market volatility. Soluble corn fiber market participants are grappling with unpredictable changes in demand, pricing, and supply dynamics, impacting overall market stability.

Producers, particularly those reliant on the affected regions for corn supply, face production challenges. The war-induced disruptions led to a reduction in soluble corn fiber production capacities, affecting the market's overall output. The conflict's impact has implications for soluble corn fiber exports and imports. Changes in trade dynamics may influence market accessibility, creating challenges for market participants engaged in international transactions.

By Form

• Powder
• Liquid

By Distribution Channel

• Offline
• Online

By Application

• Dairy Products
• Infant Food
• Animal Nutrition
• Health Care Products
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• On January 22, 2024, Enzymedica entered the functional foods market with the launch of Fiber+ Cookies. These cookies feature the exclusive MB40 probiotics developed by Enzymedica, known for effectively addressing issues like "belly bloating" with maintained efficacy even at room temperature. The cookies include soluble corn fiber, a scientifically supported prebiotic that promotes gut regularity and supports the growth of beneficial gut bacteria.
• On July 6, 2022, AgriFiber revealed its soluble fiber portfolio at the IFT trade show, emphasizing its functionality in the formulation and clinical validation for a prebiotic effect. The company expresses confidence in the pivotal role of soluble fiber in enhancing plant-based formulations. Visitors at booth #S0330 have the opportunity to sample a selection of 100% plant-based product concepts enriched with upcycled soluble corn and oat fiber ingredients.
• On May 10, 2021, ADM introduced a dietary soluble corn fiber designed to enhance the total soluble fiber content in baked goods without compromising aroma, flavor, or texture. This innovative product minimally impacts formulation and processes, offering flexibility to bakers. Furthermore, it proves beneficial in reduced-sugar recipes, helping to restore lost functionality and reduce sugar content.

Competitive Landscape

The major global players in the soluble corn fiber market include The Scoular Company, Cargill, Incorporated, Ingredion Incorporated, Tate & Lyle PLC, Roquette Freres S.A., Nexus Ingredient, Anhui Elite Industrial Co.,ltd, Shandong Bailong Chuangyuan Bio-tech Co., Ltd, Shandong Saigao Group Corporation and Archer Daniels Midland Company.

Why Purchase the Report?

• To visualize the global soluble corn fiber market segmentation based on form, distribution channel, application, and region, as well as understand critical commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous soluble corn fiber market-level data points with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of critical products of all the major players.

The global soluble corn fiber market report would provide approximately 62 tables, 52 figures, and 187 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies